ANN ARBOR, MICH. — Michigan has decided to stick with coach Jim Harbaugh, finalizing a new, five-year deal that cuts his guaranteed compensation but gives him an opportunity to make up for the financial loss if he can start winning championships.
The school will pay him $4 million in 2021 with a chance to make nearly $8 million in the fifth year of his contract, according to the memorandum of understanding signed by Harbaugh and athletic director Warde Manuel on Friday.
Harbaugh can make $1 million for winning the Big Ten title and another $1 million for winning the national championship along with other bonuses he will earn if he can improve the team’s success on the field.